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Trading Lessons

Gold And Silver Stakes Just Got Higher

Commodities / Gold and Silver 2013 Mar 30, 2013 - 11:52 AM GMT

By: Michael_Noonan

Commodities

Cyprus is a trial balloon for the NWO, taking a small country that can more easily be controlled, putting the financial screws to bank depositors and then watching how it all unfolds, creating a playbook for future bank raids. How did the people react? Where will we need to deploy armed police or military? Did keeping the banks closed for a longer period of time force an adjustment of inevitability/acceptance? How much more can we get away with from this learning process?


If anyone thinks this were a one-time, knee-jerk response, the Bank of Cyprus is offering a free toaster for new deposits as a reminder that your money will be toast. Just two weeks prior to this new form of stealing, the Cyprus banks were given a total pass on stress tests from the same unelected banking officials who all of a sudden determined these banks were now unsound, and drastic measures were needed to save it from drowning in debt. Those drastic measures? Issuing even more debt, of course. Either accept our terms or we will bury you, say the ECB, EU, IMF, and a special shout-out from Germany.

In our last article, we used the term, "Bankers Gone Wild." It was a bit tongue-in-cheek, but nothing could be more apt. "Give me control of a nation's money, and I care not who makes its laws." It was over 200 years ago when Mayer Amschel Rothschild boldly made that statement, and the international banking cartel has been perfecting their financial controls ever since.

What this tells you is that your money is no longer safe in any financial institution, in any country. The banking cartel smells new blood, easy prey: direct confiscation of deposits. What everyone now knows, or should, is that all money deposited into a bank becomes an unsecured loan. This is the earliest warning you will ever receive. You no longer control or own your money, once you deposit it into the hands of financial hyenas.

We cannot repeat often enough to buy physical gold and silver, and more, you must hold it yourself. Why? Last week, we posted a short, but significant article about someone's safe deposit box raided by the CIA, and two dozen gold Krugerrands were confiscated. Which is more surprising, a confiscation of bank depositors funds, in a foreign country, or a raid of a safe deposit box, right here in this country? Think it cannot/will not happen here? [Short article, http://bit.ly/13EVbAQ]

The stakes just got higher, in more ways than most are aware, and they will continue to ratchet higher with each passing week. The time frames are shrinking. Do not allow yourself to get lulled into complacency. It is up to everyone to make their own choice[s], [choosing not to choose is a choice], and there is now concrete evidence of how choices will be made for those who make none to protect themselves.

IF YOU DO NOT HOLD, YOU DO NOT OWN IT! You can now remove the word "safe" from safe deposit box.

It no longer matters what price you pay to buy physical gold and silver, and current "gift" prices cannot last by virtue of Western bankers' destruction of all currencies under their control. The hidden price for not directly owning gold and silver just went up, and it will not stop, at least not in a non-painful way. Central bankers have their thieving backs to the wall, and they will stop at nothing, nothing to control everyone and everyone's money. Here is another article on clamping down in Viet Nam, where gold has been too popular. [Viet Nam, Gold, And Central Bankers, http://bit.ly/YlcjHC, just for background].

The best defense is a strong offense. All central bank financial institutions have been making a very clear statement through actions taken against depositors, of every kind. Once more, buy as much physical gold and silver as you can. Weigh that action against the inaction of leaving funds on deposit that are subject to bankers' whim, all in the service of saving the same financial system that brought on the coming financial collapse.

There are 1,001 opinions on what is going on in the gold/silver markets. The one that counts the most comes from the market itself.

Here is a look at what the charts say as to what is going on via public exchanges. The 1st Q just ended. We include this chart because the higher time frames are more controlling and indicative of price direction. The last two Qtrs have retraced almost all of the 3rd rally bar from the end. Take note and compare it when you get to the silver Qrtly chart.


Looking at this chart, in isolation, the small range for March just ended says it was a very weak rally effort on increased volume. When compared to the silver monthly chart, we see it differently.


Bars 6 and 7, from the end, are wider ranges compared to the last 5 bars, and attempts to rally higher have been more difficult. In a lengthy sideways trading range, [TR], a down channel within it, and price near the low of the range, the burden of proving an up market rests with the buyers, a burden they are not meeting.

One small ray of hope for buyers is that fact that in an oversold condition, [the arrow], price could not reach the lower level of the TR. Why not, in such a weakened condition? A small red flag against sellers' efforts.


There is no getting around the observable fact that price is in a down trend. The labored rally effort was stated, but also note that the last 13 trading days is on top of a prior trading range at the beginning of March. When one trading range is above a previous TR, it makes a bullish statement, or at least a small one, here.


Three bars ago was a strong rally in silver. The last two Quarterly bars did not fully retrace the rally bar, unlike the activity in gold, mentioned when viewing that chart. We have been maintaining that silver is relatively strong than gold, and here is an example of why, based on observable performance.

The low-end close on the bar says to expect at least a nominal lower low next Qtr.


The EUM, [Ease of Upward Movement], was greater in August/September 2012 than the decline of six overlapping bars to the downside, culminating in the smallest range in over three years. The small range tells us neither sellers nor buyers were able to take control at an area where sellers are, or have been, in control.

The inability of sellers to extend the range lower in March, and the fact that they have had a harder time pushing price lower, gives an edge to buyers who must now prove that they can take over, and this is why we saw the monthly gold chart as less negative than it would otherwise seem. Keep in mind there is still no evidence of a turnaround in either metal.


Just as we observed how there was one TR on top of another on the daily gold chart, we see a 6 week TR on top of one way back in July/August 2012. The clustering of closes tells us sellers have been unable to take advantage of what appears to be weak demand, and the cluster can act as a potential turnaround in price behavior. As with all potential, it needs to be proven, in this case by higher prices.


Chart comments summarize the daily. The dark horizontal line can be viewed as a pivot line, support on the left side and now resistance on the right. We can make a case for a rally from current levels, but it would have to demonstrate wider ranges up on increased volume and continued high-end closes. Even with that, there is still substantial overhead resistance that must be over come, and rest assured that central bankers will not give up their grip on these markets, unless forced to do so. We see nothing in that manner, yet.

We are now seeing events unfolding that scream, Buy Physical Gold And Silver, much more than the charts are currently indicating, and it is precisely these events that will eventually be reflected in substantially higher prices on the charts. Take heed.

By Michael Noonan

http://edgetraderplus.com

Michael Noonan, mn@edgetraderplus.com, is a Chicago-based trader with over 30 years in the business. His sole approach to analysis is derived from developing market pattern behavior, found in the form of Price, Volume, and Time, and it is generated from the best source possible, the market itself.

© 2013 Copyright Michael Noonan - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Michael Noonan Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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